It is already consumed as before the Covid, but the purchases still do not make up for the drop suffered
The last week of June has stood out for registering a special rise in consumption, causing it to regain levels prior to the Covid-19 pandemic. However, the dynamism of purchases that has been taking place since mid-May, coinciding with the start of the de-escalation process, has not yet offset the fall suffered in the first weeks of the state of alarm.
The so-called new normality has supposed the recovery of weekly card spending figures that were recorded before the health crisis, according to a recent study carried out by BBVA Research. It details that in the week of June 22-28, purchases grew in 48 provinces, beating increases of 10% year-on-yearl in 27 of them. In the pioneering areas in the de-escalation, face-to-face spending with cards grew an average of 7% year-on-year, compared to 4% in the rest of the provinces that have been abandoning restrictions more slowly.
Even so, the institution's study center warns that the second quarter of 2020 closes with a drop in spending with Spanish cards of 18% compared to the first three months of the year. By sectors, the food purchases led the recovery of face-to-face spending, with a growth of 43%, while the fall in spending on accommodation began to moderate.
However, in recent months the use of the card to pay for purchases has experienced a strong rebound. According to the calculations of the barometer of families' financial needs in the face of the Covid-19 crisis developed by Mastercard, seven out of ten purchases were made with a debit or credit card during the state of alarm, while only a third of the purchases were made with cash.
As they explain, the habits when paying and managing finances have undergone a significant change as a result of the health crisis in our country. And this is seen in the fact that, for example, six out of ten Spaniards are reducing your expenses in items such as food (6%), clothing (27%), restaurants (32%), leisure (21%), large appliances (20%), small appliances (18%), transportation (13%), tourism (35%), reforms (28%), celebrations (28%) and car / motorcycle (25%).
In addition, both the services of online banking like those of the Mobile banking They have grown in the last two months, which means that now 72% of Spaniards use online banking and 71% mobile.
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